#USHouseMarketStructureDraft All attention is currently focused on the upcoming FOMC meeting scheduled for May 7th. While investors hope for a rate cut, the current CME FedWatch data shows only a 2.7% probability of a 25bps rate reduction.

This means that the Federal Reserve is likely to keep interest rates steady, or at least delay any easing of monetary policy. With inflation still persistent and the labor market resilient, the Fed seems reluctant to loosen too soon.